The stock market is setting itself up for quite a fall as the market is extreme overbought on all time frames.
Technical momentum readings turned on a dime after an election night plunge that resulted in mixed weekly charts for the five major U.S. equity averages.
All nine major global averages have rising weekly momentum readings, but not all averages are setting all-time intraday highs. These charts say when to buy or sell.
The data is not yet strong enough to tilt the scales to a positive outlook.